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Tag: twitter

Elon Musk and Twitter Closes deal for $44 billion
News

Elon Musk and Twitter Closes deal for $44 billion

Twitter is in advanced discussions to sell itself to Elon Musk and could finalize a deal today on Monday, people familiar with the matter said. The two sides worked through out the night to get out a deal that would be valued at $54.20 a share, or $44 billion, the people said. Assuming there isn’t a last-minute snag, the deal is expected to be announced after the market closes on Monday. It’s not clear why the total value of the deal has increased slightly from prior expectations, but it could be related to an updated share count. Elon Musk on April 14 offered a bid to buy the company without saying how he would pay for it, calling it his "best and final" offer. Twitter had been expected to rebuff the offer, and put in place a so-called poison pill to block him from increasing hi...
Twitter in discussion with TikTok for Acquisition
News

Twitter in discussion with TikTok for Acquisition

New York, 10th Jul 2020: According to a report, the Social media platform Twitter is in discussions for the acquisition of TikTok USA after Microsoft bid. The move of US President Donald Trump said he would ban the app in 45 days creates an opportunity for a platform like Twitter to make big in the current social media war. Trump declared Thursday that the popular Chinese video app TikTok and social network WeChat “threaten the national security, foreign policy, and economy of the United States.” In an executive order, Trump gave Americans 45 days to stop doing business with the platforms, effectively setting a deadline for a sale of TikTok by its Chinese parent firm ByteDance. He has also demanded that a significant portion of the sale go to the US Treasury. Microsoft has...
Facebook employees criticize Mark Zuckerberg for being Neutral over Protest
News

Facebook employees criticize Mark Zuckerberg for being Neutral over Protest

New York, Jun 2, 2020: Some Facebook employees criticize Facebook founder & CEO Mark Zuckerberg's inaction over President Donald Trump post that suggested protesters in Minneapolis could be shot. While arch-rival of Facebook, Twitter took the stand and placed a warning on President's tweet about the protests “when the looting starts the shooting starts,” while Facebook founder Zuckerberg took the neutral stand and leave it to US authorities. “I know many people are upset that we've left the President's posts up, but our position is that we should enable as much expression as possible unless it will cause an imminent risk of specific harms or dangers spelled out in clear policies,” Zuckerberg wrote. The tweets of President Trump evoked the civil-rights era by borrowing a phras...
Twitter fact check controversy: President Trump threatens new regulation or shutdown
USA

Twitter fact check controversy: President Trump threatens new regulation or shutdown

Washington, May 28 (AP): President Donald Trump, the historically prolific tweeter of political barbs and blasts, threatened social media companies with new regulation or even shuttering after Twitter added fact checks to two of his tweets. He turned to his Twitter account to tweet his threats. The president can''t unilaterally regulate or close the companies, and any effort would likely require action by Congress. His administration has shelved a proposed executive order empowering the Federal Communications Commission to regulate technology companies, citing concerns it wouldn''t pass legal muster. But that didn''t stop Trump from angrily issuing strong warnings. Tech giants “silence conservative voices," he claimed on Twitter early Wednesday. “We will strongly regulate, or clo...
Twitter adds fact check warnings to President Trump’s tweets
USA

Twitter adds fact check warnings to President Trump’s tweets

Washington, May 27th, 2020: For the first time, Twitter has flagged some of President Donald Trump's tweets with a fact-check warning. On Tuesday, Twitter added a warning phrase to two Trump tweets that called mail-in ballots "fraudulent” and predicted that "mail boxes will be robbed,” among other things. Under the tweets, there is now a link reading “Get the facts about mail-in ballots” that guides users to a Twitter “moments” page with fact checks and news stories about Trump''s unsubstantiated claims. Until now, the president has simply blown past Twitter's half-hearted attempts to enforce rules intended to promote civility and “healthy” conversation on its most prominent user. Trump frequently amplifies misinformation, spreads abuse, and uses his pulpit to personally attac...
Gyana Raises funding from Twitter co-founder Biz Stone & Others
FUNDING

Gyana Raises funding from Twitter co-founder Biz Stone & Others

London-based data science startup Gyana has raised USD 3.9 million (about Rs 28.5 crore) in pre-series A round of funding led by Fuel Adventures, Twitter co-founder Biz Stone, Green Shores Capital and U+I. Gyana plans to use the latest round of funding to support growing its product user base, while aiding expansion across Europe and India soon, a statement said. The company''s AI tool is being used by industries ranging from property to retail and consulting. Its clients include Vodafone, Barclays, EY, Pret a Manger, Knight Frank and the UK Ministry of Defence. "We see no-code in a similar light to the use of translation services for languages. Not everyone on the planet is suited to being a developer, and even though newer generations are becoming more computer literate, we thi...
Twitter Reports Strong Profit in Q3 but Loses 9 Million Monthly Users
BUSINESS

Twitter Reports Strong Profit in Q3 but Loses 9 Million Monthly Users

The social media major Twitter posted stronger-than-expected profits and revenues in the third quarter. The social network delivered a $789 million profit, which included one-time gains, compared to a net loss of $21 million in the previous year, as revenues increased 29% to $758 million. The record profit included one-time gains from tax and asset valuation adjustments, without which the company's profit would have stood at $163 million for the quarter. However, on the other hand, the company’s average monthly active users witnessed its second straight quarterly drop to 326 million, from 335 million in the previous quarter. Out of these, around 67 million monthly active users is from the United States while 259 million users is from the rest of the world. "We're achieving meaning...
Raheel Khursheed Becomes Snap’s Country Head
News

Raheel Khursheed Becomes Snap’s Country Head

The former head for Twitter news for India, Raheel Khursheed has now been appointed as the country head of disappearing message application Snap. Khursheed is Snap’s first India hire and is likely to lead India operations for the company. “I recently started an all encompassing role at @Snap - leading the market entry of the world’s largest camera app into the Indian landscape. My official designation is country expert, India,” tweeted Khursheed on the social site Twitter.   @Snap is at an incredible crossroads in India. It has had a 75+ yoy growth and has a robust user base that indexes 55% female. This is a special thing and we intend to build on this. Stay tuned for more. pic.twitter.com/HxfaTQvt4h — Raheel Khursheed (@Raheelk) October 4, 2018 Last year, Evan Spiegel...
Twitter Set to Ban Dehumanizing Language on its Platform
Tech

Twitter Set to Ban Dehumanizing Language on its Platform

The social media major Twitter has announced to further update its "hateful conduct" policy to include content that "dehumanizes others". This will be based on their membership in an identifiable group, even when the material does not include a direct target. Twitter is one of the most popular micro-blogging platforms in the world has a huge user base. The company has been developing and building a new policy to address dehumanizing language that makes someone less than human. "Some of this content falls within our hateful conduct policy (which prohibits the promotion of violence against or direct attacks or threats against other people on the basis of race, ethnicity, national origin, sexual orientation, gender, religious affiliation, age, disability or serious disease). "But there ar...
Twitter India’s Country Director Taranjeet Singh Steps Down
News

Twitter India’s Country Director Taranjeet Singh Steps Down

Taranjeet Singh, the man behind the growth of the business of Twitter in India has stepped down from his position as Country Director. This announcement was tweeted by him on the microblogging website on Tuesday. Following the stepping down of Taranjeet Singh, the company’s Twitter's global head of revenue strategy and operations Balaji Krish will take over the position of the latter. He is coming from the US to be interim country lead from the next month.   Hello everyone, after 4 amazing years, I have decided to move on from @TwitterIndia - from being one of the first @Twitter employees in #India, to building up the sales team from the ground up, to leading our expansion and investments as the India Country Director #AmazingRide pic.twitter.com/qMG4QDvL4a — Taranjeet Singh...
Twitter Introduces Filtering Tool for Direct Messages
Tech

Twitter Introduces Filtering Tool for Direct Messages

One of the leading social media platforms Twitter has brought in some new features or filtering tools for direct messages on its platform. The platform has launched a fresh feature where the users will be able to filter and ignore the unwanted messages. The platform will now have two separate sections that are ‘Inbox’ and ‘Requests’ through which the people will get to know which messages are of their use. The Inbox section will have messages from users you follow, while the Requests section will include messages from people you don't. Twitter has stated that the requests can be filtered to make it easier for users to see only the wanted messages. When the user receives a message from a person you don’t follow, the message will be directed to the Requests section. Twitter will then a...